CVS taps insurance executive as new CEO

By Angelica LaVito
Published 4 Min Read

CVS Health named Karen Lynch as its next chief executive officer, putting a seasoned insurance executive in place to succeed longtime leader Larry Merlo. The shares jumped.

The change reflects how CVS has evolved under Merlo’s direction from a pharmacy chain into a health conglomerate that sells insurance coverage, administers drug-benefit plans and offers care, including COVID-19 testing.

Angelica LaVito
From Bloomberg News

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